A new report by SBM Intelligence, a reputable market intelligence, security analysis, and strategic consulting firm, has shed light on the alarming rise in insecurity that is plaguing Nigeria’s capital, Abuja.

The report, titled ‘Inside Nigeria’s Hostage Capital: Unraveling the economic impact of Abuja’s kidnap epidemic,’ reveals distressing statistics and harrowing accounts of the city’s deteriorating security situation.


Surge in Criminal Activities

According to the report released on Thursday, Abuja has experienced a surge in various criminal activities including minor thefts, ‘One Chance’ robberies, armed robberies, and home break-ins.

The situation reached a critical point with the recent spate of kidnappings, showcasing a rapid deterioration in the country’s security landscape.

The report reads, “The deteriorating security situation in Nigeria’s capital has had a real effect on the lives of the city’s residents.

“Insecurity in and around Abuja is fuelling tensions in the capital, and although the violence is still mostly in satellite towns such as Bwari and Kuje, our data, which spans between 15 January 2023 and 15 January 2024, shows a steady increase in abductions in the main city centres in Abuja Municipal Council Area, bringing insecurity closer to the heart of Nigeria’s government.

“The economic environment has seen significant changes, with business revenue declining by 33% and estate security fees increasing by 20%. Transport fares have surged by 100-250%, while rent in upscale areas has risen by 10-50%, and rent in suburbs is subject to dispute.

“Additionally, the number of residents abducted varies across area councils, with notable figures in Bwari (158), Kuje (67), and AMAC (30).


“Similarly, the number of abductions in each area council shows higher rates in Bwari (20), Kuje (11), and AMAC (, underscoring the pressing need for improved security measures.”



The report highlights several chilling incidents, including the abduction of Mansoor Al-Kadriyar and six of his daughters on 5 January.

Impact on Residents

In the wake of these incessant attacks, Abuja residents have been compelled to take extensive measures to safeguard themselves and adapt to the grim reality. Interviews conducted with respondents across the city underscore the economic repercussions and profound impact of the kidnap epidemic on the lives of residents.

Safety concerns have prompted many residents to ensure they return home before dark, disrupting the routines of those who work in the night economy.


Affluent individuals seek refuge in the relative safety of hotels, while others shun public transportation in favour of ride-hailing services like Uber, leading to increased transport costs for many.

Escalating Security Costs and Economic Fallout
To fortify their defenses, many residents have invested in enhancing their security infrastructure, leading to escalated security costs. Some resort to extreme measures such as arming themselves with weapons like pepper sprays and knives. Families of victims bear untold financial losses and endure strained relationships, contributing to increased migration and brain drain.

“The economic toll of insecurity is staggering, with business revenue in Abuja plummeting by 33%. Estate security fees have surged by 20%, while transport fares have skyrocketed by 100 – 250%. In upscale areas, rent has risen by 10 – 50%, exacerbating the financial strain on residents,” the report stated.

Urgent Call for Government Action
In light of these alarming developments, SBM Intelligence recommends swift government action against rising kidnappings, including enhanced security measures and provision of public transportation.

“Given that the government’s primary obligation is to ensure the safety and security of its citizens, the government needs to urgently implement the recommended measures so as to ensure a community safe for all residents,” it added.

https://www.vanguardngr.com/2024/02/business-revenue-in-abuja-down-33-due-to-insecurity-report/amp/

I'm surprised that Wike cannot tackle this security issue. If you see him shouting on TV, you would think he's the President or the Chief of Army Staff! If a nation's capital isn't safe, it's a big shame on all the political leaders.

Wike better get working
Nigerians will not tolerate laxity.

Baba druggie Emilokan just got started, by 2027, this contraption called Nigeria would either have been dismantled or dismembered.

Tinubu will be the last president of a unitary or united Nigeria.

SoNature:
I'm surprised that Wike cannot tackle this security issue. If you see him shouting on TV, you would think he's the President or the Chief of Army Staff! If a nation's capital isn't safe, it's a big shame on all the political leaders.

So Wike is now the one to combat the kidnappings all over the country abi.